Kinaxis (TSE:KXS) Reaches New 12-Month High – Time to Buy?

Kinaxis Inc. (TSE:KXS) reached a new 52-week high during trading on Monday . The company traded as high as C$184.38 and last traded at C$184.38, with a volume of 12186 shares trading hands. The stock had previously closed at C$183.47.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KXS shares. ATB Capital upped their price target on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Scotiabank reduced their price target on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. Finally, TD Securities cut their target price on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$192.67.

Kinaxis Trading Up 0.7 %

The stock has a market capitalization of C$5.22 billion, a PE ratio of 183.47, a P/E/G ratio of 3.60 and a beta of 0.78. The firm has a 50 day moving average price of C$163.28 and a 200 day moving average price of C$157.14. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, topping the consensus estimate of C$0.43 by C$0.04. The firm had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Equities analysts expect that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Insider Activity at Kinaxis

In other Kinaxis news, Senior Officer Vasile Gelu Ticala sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of C$174.50, for a total transaction of C$523,500.00. Following the completion of the transaction, the insider now directly owns 596 shares of the company’s stock, valued at approximately C$104,002. This represents a 83.43 % decrease in their ownership of the stock. Also, Director Angel Luis Mendez acquired 1,400 shares of Kinaxis stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of C$148.96 per share, with a total value of C$208,537.00. Over the last three months, insiders sold 46,846 shares of company stock valued at $7,856,802. 1.20% of the stock is owned by insiders.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.